FEAS Yearbook FEAS Yearbook 2018 | Page 81

Yearbook 2018

Organization Overview

The republican stock exchange «Toshkent» has been formed on April 8, 1994 according to the Decree of the President of the Republic of Uzbekistan 'About measures for further deepening of economic reforms, ensuring protection of a private property and development of business' of January 21, 1994 No. 745, its activity is closely connected with the reforms undertaken in the republic and policy of creation of public joint stock companies on the basis of the privatized state enterprises.

Today the Republican stock exchange «Toshkent» is the exchange having more than 100 broker offices in all regions of the republic, the most modern equipment and the software capable to connect the clients to the auction from any office.

Mission and values

Achievement of a strategic objective requires the performance of the following tasks:

• Increase in the number of the most financial and stable companies included in official exchange listing, not less than 200 units;

• Increase in a share of an exchange turn in a total volume of the stock market and the reduction of an off-exchange turnover,

• Increase in a shares which are in free circulation by ensuring existence and availability on the stock market, first of all for a general population, a necessary resource of securities;

• Transition to electronic document flow during the processing and registration of exchange transactions on the basis of Uniform programmatically — the technical complex allowing to lower transaction expenses at commission of exchange transactions and to hold the repeated auction during one working session;

• Ensuring electronic interaction with members of the exchange and a gradual transition to the organization of trade in the Internet trading mode;

• Creation of additional mechanisms of protection of interests of investors at transactions with securities in the stock market by introduction of recommendations of the Korean stock exchange and transition to 100% deposition of money and term of payment under the perfect transaction of T + 2;

• Further increase in transparency of the stock market by transition and formation of the reports of the issuers included in official exchange listing in an electronic form and reflected in the official site of the exchange.

Republican Stock Exchange "Toshkent"

Mr. Bekzod Usmonov

Chairman of the Board

About Republican Stock Exchange "Toshkent"

Established: 8th April 1994

Chairman of the Board: Mr. Bekzod Usmonov

Address: 107, Mustaqillik street,

Tashkent city, Uzbekistan

Email: [email protected]

Website: www.uzse.uz

81

The Republican Stock Exchange "Toshkent" and the investment company "Freedom Finance" signed a memorandum on cooperation in the development of the stock market of Uzbekistan.

November 27, 2018 in the hall of Amir Temur International Hotel Tashkent Hotel ceremony was held the official launch of Road Show in the placement of shares of JSC "Kokand Mechanical Plant" (JSC "KMZ") at the Republican Stock Exchange "Tashkent" by SPO.

On September 13, 2018 in Tashkent between Kazakhstan Stock Exchange and the Republican Stock Exchange “Toshkent” signed a Memorandum of Understanding which is aimed at laying the foundations for cooperation between the two exchanges.

Member of the Board - Managing Director for Business Development, Kazakhstan Stock Exchange and Acting Participant took part in the official signing ceremony. Chairman of the Board of the RSE "Toshkent" Usmonov B.Sh.